Home Breaking News LVMH fundamentally reorganizes its management committee

LVMH fundamentally reorganizes its management committee

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LVMH fundamentally reorganizes its management committee

LVMH imposes a transfer window. Faced with a slowdown in its activity around the world, the French luxury group LVMH announced on Thursday, November 14, several changes in its executive committee. Jean-Jacques Guiony, current CFO, who will be replaced by Cécile Cabanis, on 1Ahem February 2025, takes charge of the wine and spirits division. He will replace Philippe Schaus, who, after a twenty-one-year career with the group, will step down from his position. In addition to Guiony, Bernard Arnault, CEO and owner of the group, has appointed his son Alexandre Arnault, current vice president of the New York jewelry brand Tiffany. The latter is therefore leaving Manhattan to become deputy CEO of the subsidiary that oversees the luxury giant’s cognac and champagne brands, including Hennessy and Moët Hennessy. Charles Delapalme will become CEO of the Hennessy brand, succeeding Laurent Boillot. “whose new functions will be communicated later”, LVMH specifies in a press release.

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The €86.2 billion group has also confirmed the departure of Chantal Gaemperlé, LVMH’s human resources director for seventeen years, information that The letter, specialized media revealed on Thursday, November 7. According The letter,METROme Gaemperlé had “she was dismissed with a view to her dismissal”following a “month-long internal investigation conducted by the general administration and legal affairs teams”who are they “particularly interested in the accumulation of benefits in kind” obtained by the director of the different subsidiaries of the group that owns the Louis Vuitton, Dior and other Celine brands. Maud Álvarez-Pereyre, current director of talent and transformation of the group with 210,000 employees, is appointed in her place.

These changes come a few weeks after the announcement of the retirement of Chris de Lapuente, 61, also a member of the executive committee and general director of the selective distribution division, which includes Sephora, Le Bon Marché, la Samaritaine and the duty business. free from the company. Guillaume Motte, CEO of Sephora, will become a member of the group’s executive committee effective 1Ahem February 2025, LVMH also announced on Thursday, November 14.

Rejuvenation

In the process, the multinational is once again rejuvenating its executive committee. Replacing one of his faithful, Antonio Belloni, 70, Bernard Arnault had promoted Stéphane Bianchi, former director of the Yves Rocher group, to the position of deputy general manager in March. Just four years after joining the group, as CEO of Tag Heuer Watches.

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